Economic growth due to demographic changes is a unique opportunity for the demographic dividend. The population in the Middle East and North Africa region is expected to double in size within the next twenty years. With the right investments and opportunities, young people can build a stable future in their countries.
In a world teeming with investment options, the Arabian Peninsula, stands far above the rest regarding oil: the Middle East. With countries like Saudi Arabia, the UAE, and Kuwait holding some of the world's largest oil reserves, the potential for wealth generation here is extremely large. According to the Organization of the Petroleum Exporting Countries (OPEC), a significant player in the Persian Gulf and around the Mediterranean Sea, the Middle East controls nearly 48% of global oil reserves. The statistics have drawn the worldwide gaze of Ultra-High-Net-Worth Individuals (UHNWI) and High-Net-Worth Individuals (HNWI) worldwide.
Holiday decorations and Christmas trees, even the artificial ones, have the highest demand during the holiday season, so retailers usually mark up their prices. Thus, they can take advantage of desperate shoppers who are willing to pay a little extra to get into the holiday spirit.
Thunderstorms, droughts, and floods are becoming increasingly severe. One of the world’s leading reinsurers, publicly listed company Munich Re, expects that the insured natural disaster damage will exceed the mark of a hundred billion US dollars. The group warned about the consequences of man-made global warming 50 years ago. What causes climate change? This is the crucial question of today. There is another one for insurers: what are the consequences?
Businesses use mergers and acquisitions (M&A) as a way to grow, improve their position in the market, and find new possibilities. They help businesses pool their resources, get rid of unnecessary ones, and use connections to boost efficiency and generate new ideas. When M&A goes well, it can lead to higher economies of scale, a wider reach in the market, and a combination of different skills and technologies.
Hong Kong, known as Asia's financial hub, is solidifying its claim as a destination for high net worth family offices. In 2023, the city launched the Hong Kong Academy for Wealth Legacy, an academy dedicated to nurturing financial talent and fostering collaboration between family offices and wealth management professionals. With the support of industry leaders and the government's commitment to attracting new family offices, Hong Kong is poised to manage the lion's share of Asia's wealth.
The world of asset management is at a crossroads. It is having problems and changes that have never been seen before, and they have gotten worse over the past few years. The response from the business has been quick changes and a lot of new ideas, but the future is still unclear. According to the updated EY 2021 Reframing Asset Management study for 2023, a change in strategy is necessary.
Three years after the end of World War II, the Deutsche Mark (DM) was introduced as the official currency in the Western Zones. Since 2001, the banknote has been in history. But even at the end of 2022, D-Mark coins and banknotes worth around 12.3 billion were still in circulation, according to the Bundesbank.

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